Adcock Ingram eyes acquisition opportunities in Africa.

By bne IntelliNews May 25, 2011
Adcock Ingram, South Africa's second-biggest pharmaceutical company, is actively looking for acquisition opportunities in Africa, the Moneyweb news portal reported. We want to make sure that whatever we do is easily transactable and accretive to our shareholders as quickly as possible, the company's CEO, Jonathan Louw, told the portal. According to the executive, the company looks for opportunities both in Africa and the rest of the world but at present is focused mostly on the rest of Africa. Last year, Adcock acquired just over 65% in Ghanaian pharmaceutical company Ayrton Drug Manufacturing for an undisclosed sum. The company's turnover increased by 14% to ZAR 2.2bn in the six months ended March 31, 2011.

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